United Arab Emirates shares lower at close of trade; DFM General down 0.18%

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United Arab Emirates shares lower at close of trade; DFM General down 0.18%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Insurance , Real Estate & Construction and Consumer Staples sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.18%, while the ADX General index declined 0.79%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 3.77% or 0.080 points to trade at 2.200 at the close. Marka Pjse (DU: MARKA ) added 1.33% or 0.01 points to end at 0.76 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 1.01% or 0.030 points to 2.990 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.78% or 0.090 points to trade at 2.290 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 3.02% or 0.013 points to end at 0.418 and SHUAA Capital PSC (DU: SHUA ) shed 2.22% or 0.030 points to 1.320.

The top performers on the ADX General were Nat Bk Qaiwain (AD: NBQ ) which rose 5.45% to 2.90, Insurance Hous (AD: IH ) which was up 3.75% to settle at 0.830 and Methaq (AD: METH ) which gained 3.53% to close at 0.880.

The worst performers were United Arab Bk (AD: UAB ) which was down 6.67% to 1.400 in late trade, Dana Gas (AD: DANA ) which lost 4.41% to settle at 0.650 and Sharjah Islami (AD: SIB ) which was down 4.35% to 1.320 at the close.

Declining stocks outnumbered rising ones by 25 to 8 and 5 ended unchanged; on the Abu Dhabi, 16 fell and 8 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.91% or 0.85 to $43.58 a barrel. Meanwhile, Brent oil for delivery in August fell 1.92% or 0.90 to hit $46.01 a barrel, while the August Gold Futures contract rose 0.02% or 0.26 to trade at $1246.96 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.02% to 4.0957.

The US Dollar Index Futures was up 0.08% at 97.31.

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